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Presentation by Stéphanie Guihard-Brand and Eberhard Gschwindt

“Development financing instruments of the EIB in the ACPs, with a particular focus on the mining sector ”. Presentation by Stéphanie Guihard-Brand and Eberhard Gschwindt. Structure of the presentation. Background information on the EIB. 1. The EIB in the ACP countries. 2.

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Presentation by Stéphanie Guihard-Brand and Eberhard Gschwindt

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  1. “Development financing instruments of the EIB in the ACPs, with a particular focus on the mining sector ” Presentation by Stéphanie Guihard-Brand and Eberhard Gschwindt 14 September 2010, ACP House, Brussels, Belgium

  2. Structure of the presentation Background information on the EIB 1. The EIB in the ACP countries 2. Guiding principles 3. Illustrating our action through concrete projects 4. 14 September 2010, ACP House, Brussels, Belgium

  3. EIB: background Information “Promoting European Objectives” 14 September 2010, ACP House, Brussels, Belgium

  4. EIB: Background Information • Birth: Treaty of Rome, 1958 • Purpose: “Provide long term lending to promote European objectives” • Shareholders: 27 EU Member States • Governance: 14 September 2010, ACP House, Brussels, Belgium

  5. Pre-accession countries Candidate countries - Croatia, Turkey and the FYRM* Potential candidate countries in the Western Balkans European neighbourhood Mediterranean Neighborhood (FEMIP) Russia and Eastern Neighbours Co-operation policy Africa, Pacific and Caribbean States (ACP) Overseas Countries and Territories (OCT) South Africa Asia and Latin America (ALA) EIB lending outside the EU in 2009: EUR 8.6 bn SUPPORTING EU DEVELOPMENT AND COOPERATION POLICIES * Former Yugoslav Republic of Macedonia 14 September 2010, ACP House, Brussels, Belgium

  6. The EIB & the African, Caribbean and Pacific States “Committed to economic growth and sustainable development” 14 September 2010, ACP House, Brussels, Belgium

  7. EIB lending in the ACPs • ACPs: the oldest mandate entrusted to the EIB (1963) • Since 2003: “Cotonou Partnership Agreement” • Builds on the acquis of over 45 years of experience EIB’s role focuses on the Financial Cooperation: managing the Investment Facility & lending from its own resources • Sources of funding: • European Development Fund (EDF) • EIB Own Resources 14 September 2010, ACP House, Brussels, Belgium

  8. Since 2003: breakdown by sector of project signed 14 September 2010, ACP House, Brussels, Belgium

  9. STRATEGIC FOCUS - public & private sector - - mainly through intermediaries - • Projects that foster: • regional integration • environnemental sustainability: renewable energy/climate change • growth/ development: job creation and poverty alleviation (ESIAF) • cooperation with bilateral and multilateral donors * Supported by: EU-Africa Infrastructure Trust Fund and the Water/Energy Facilities 14 September 2010, ACP House, Brussels, Belgium

  10. “Provision of long term finance not availablelocally” Mining: EITI initiative, ESIAF: high financial & economic outputs Industry & agro-business: - SME focus (through credit lines) - export oriented undertakings Sugar sector: close cooperation with the EC Tourism sector - economic context/political stability/governance issues OTHER SECTORS:- industry, commodities, services - 14 September 2010, ACP House, Brussels, Belgium

  11. Guiding principles “ Taking more risks, in a controlled manner for more value-added ” 14 September 2010, ACP House, Brussels, Belgium

  12. EIB lending in ACPs & OCTs* * Overseas Countries and Territories 14 September 2010, ACP House, Brussels, Belgium

  13. EIB and the Cotonou Agreement Investment Facility The objectives The means Use of a wide range of risk-bearing instruments under IF Value added of the IF The constraints: • Ensure the long term sustainability of the IF through risk pricing • Mitigate the risk of MS as guarantors • vs.developmental objective 14 September 2010, ACP House, Brussels, Belgium

  14. EIB terms and conditions • EIB operates on market related terms: risk pricing, cost recovery • Long maturities and grace periods • EIB = catalyst  encourages co-financing • max. 50% of funding provided by EIB • Direct or indirect intervention (major /smaller scale investments) • Subsidies are available: • for project related technical assistance • to ensure concessionality whenever required 14 September 2010, ACP House, Brussels, Belgium

  15. Technically sound Financially viable Bear a positive impact on the economy: - economic and social impact assessment framework - Comply with environmental protection and procurement regulations: - “EIB environmental and social guidelines”- Project requirements 14 September 2010, ACP House, Brussels, Belgium

  16. Illustrating our action through concrete projects 14 September 2010, ACP House, Brussels, Belgium

  17. 14 September 2010, ACP House, Brussels, Belgium

  18. 14 September 2010, ACP House, Brussels, Belgium

  19. Lumwana 2001 14 September 2010, ACP House, Brussels, Belgium

  20. Moma 2002 14 September 2010, ACP House, Brussels, Belgium

  21. Ambatovy 2006 14 September 2010, ACP House, Brussels, Belgium

  22. Thank you ! 14 September 2010, ACP House, Brussels, Belgium

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